New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-04
s got rouslng reception from party Of professional
friends who the down the hsrbor on the
steam boat City OF Portsmouth.
HAVAII'S NEW RULERS
A COSTLY FINANCIAL UNDERTAKING PROPOSED

A COSTLY FINANCIAL
CABLE TO THE ISLANDS
SAN FRANCISCO, Sept. 3-Sews from Honolulu received
BY the steamer Alameda is to August "a The papers
are full of the approaching election OF the legislature
The Reform party which includes nearly all the WHITES
and few Influential .natives met III convention on
August aud nominated candidates Tor the bouse OF
Mobiles and for Re or nine candidates Tor
Mobiles every one is foreigner while OF four candidate
for REPRESENTATIVES, only is native Haw allan The
reason assigned this prepondeance OF foreigners is
that In the country districts the Representatives
almost all natives, therefore the centre Of the foreign
oopuiaton ought TO have European delegates. 1t is
actceabc that Colonel volncy V. Ashford the leader
,f Honolulu Rifles, was not presented as candidate.
efforts being made by the Kings party to win
the natives and to secure the balance OF power In
ihe legislature All Of the Kings henchm'n are out
.lecnoncering, but the Minister of Interior, Mr.
Tburston. has issued Mugwump kind OF circular de-
claring that all employees must abstain from active
participation partisan in politics pain OF removal.
The trial of Hahleden the sonin-lsw of ex Premier
Gibson, resulted in his acquital of the charges of
forgery As in tue of Gibson the offence could not
". L. Green Minister of Finance. issued OF August IL
report OF the finances from April 1885, to June 80,
1897 The Interesting feature of this report that
contains the FIST authoritative statement about the new
loan sao%s 'has %ae eS d wd a or
this the Hawaiian Government secured VI 2GoUuO
exchange and commissions of agents. Mcfarland
secured 10000 as his per cent commission and
ing London and he also allowed syndicate
deduct six months interest on the Loan amounting 10
$4,000 before the money paid The late Minister
OF Finance took 100000 OF the loan and used 1t to
liquidate equal amount OF spreckelss q per cent
bonds when not then due. AS the charges on the
at least per cent this was not brilliant
financial strike. Minister Green estimates that
$1,000 Will be needed supply the deficit for the
scal year. One humorous feature OF the statement is
the item declaring that $4,000 must be deducted from
The estimates because of In addition and this
sun could been easily pockeed by OF the late
Ministry II they had remained IN power.
Mr.. Green has something to say on the American
cable America and Australia which Is interesting
seems Dudley Cool has applied for the exclusive
right to land a cable the islands during the next
three years. and that he agrees for this privilege TO lay
cable connecting different islands for the mere cost OF
material. which will be $4,000 The Government three
years ago granted subsidy of $4,000 per year TO any
one no lay cable and Cool now asks Tor
fills lie is said backed by English capital and to be
confident OF getting his cable laid in two years.
Official advices were received here to-iay from
New-Zeaand the effect that the British squad
ron had received definite orders TO sail for Homo
lulu and supposed to carry explicit Instructions re-
atng 10 the payment of the recently negotiated British
loan. The new Hawaiian Government has decided 10
nav the lOaus but minus the excessive COMMISSIONS de-
handed for negotiation loan.